Explore the 1,000’s of tax questions answered by professionals.

CAPITAL GAINS TAX

Exactly how do I calculate capital gains tax on the sale of real estate investment property that I am selling .... ... read on

I have an elderly client that is sole shareholder of a Subchapter C corporation since its inception. The business purpose .... ... read on

In 2012 the tax rate for long term capital gains should be 0% for filers who are in the 10% .... ... read on

On June 14 this year my sailboat sunk off the coast of California due to a terrible storm. The fair .... ... read on

My wife and I have a typical taxable income of $54,000. We have been advised by our financial planner to .... ... read on

My father, who died in 1982, gave us, his three children, his antique watch collection years before he died. Recently(this .... ... read on

I inherited a piece of furniture in 2002 that was appraised for the estate at $65,000. I am selling it .... ... read on

A home was put into trust in 1992 by husband and wife. Both have deceased and home is to be .... ... read on

Can I claim a $38,000 capital loss using form 4797 for a rental house I sold in July 2011? .... ... read on

How do I determine that cost basis for the home I sold. The house (and related mortgage) became mine 5 .... ... read on